Trump's crypto moves could upend the public payment network

JPMorgan Chase stated that cryptocurrencies are gradually becoming a tradable macro asset. （Watcher.Guru）

The Chairman of the Texas Blockchain Commission announced that Texas has become the first state to purchase Bitcoin and made an investment of $10 million on November 20th. （CoinDesk）

[Fox News: No Front-Runner in the Selection of the Next Federal Reserve Chair] Fox News White House reporter Edward Lawrence stated that there is currently no front-runner in the selection of the next Federal Reserve Chair. A senior U.S. official confirmed that the final candidate list has not yet been submitted to the White House. The U.S. Treasury Secretary said he has not completed interviews with the candidates, and the recommended list will be submitted to the President after the interviews are finished.

[Trump Considers Replacing Kash Patel as FBI Director] U.S. President Trump is considering replacing Kash Patel as FBI Director in the coming months. According to reports, Trump and his senior aides are dissatisfied with the negative press surrounding Patel recently. Patel has come under scrutiny for his management of internal resources, including arranging security escorts for his girlfriend, using government aircraft, and disputes with other Trump confidants.

[U.S. October Budget Deficit at $284 Billion, Net Tariff Revenue Hits Record High] Data from the U.S. Treasury Department shows that the U.S. October budget deficit was $284 billion, exceeding market expectations of $235.05 billion and the $257 billion recorded in the same period last year. October expenditures totaled $689 billion, while revenues reached $404 billion, setting a historical record for October. Net tariff revenue in October amounted to $31.4 billion, significantly higher than the $7.3 billion in the same period of 2024, marking a record high.